BPCE_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF GROUPE BPCE Groupe BPCE's business lines

M&A Advisory Natixis advised on its first M&A deal in Asia for Fintrax (which acquired a49% stake in Koreanfirm CubRefund). In the US, PJ SOLOMON assisted Kenneth Cole in optimizing its outstandingloans and real estate holdings.

In France, Natixis Partners advised PAI on the sale of Cerba Healthcare to Partners Group PSP. In Spain, Natixis Partners Spain advised CVC Capital on the acquisitionof a 25% stake in CompaniaLogisticade Hidrocarburos (CLH).

Investment Banking In France, Natixis arranged financingfor the restructuringplans of

issue) and the acquisition of Safway by Brand Energy &

LVMH-ChristianDior Group ( € 8.9bn takeover bid and € 4.5bn bond InfrastructureService($4bn) in the UnitedStates.

Financing The real estate and infrastructurefinancing activities did excellent

park in the world in Abu Dhabi and consolidatedits positionas the

businessin 2017. For example,Natixis financedthe largest solar PV No. 1 European creditor in EMEAreal estate financing (1) .

Capital Markets Natixis continued to grow on the capital markets, highlighting a range of innovative and tailor-made solutions for its clients, as underscored by the numerous awards received. It expanded its business abroad by building up its Fixed Income teams and focusing on diversifying its range of equity derivatives solutions: for example,it formed two partnershipsin South Korea and the US (creationof the Kospi 3 index, in partnershipwith Korea Exchange, and the Nasdaq-100 Target 25 Excess Return index).

2017 was a banner year for green, responsible financing with the first sovereign green bond issued for Agence France Trésor ( € 7bn, 22-year maturity), the first EUR-denominatedgreen bond issued for an Asian company, China Three Gorges ( € 650m, 5-year maturity), and for BPCE, the first JPY-denominatedsocial-impact Samourai bondissued on the Japanesemarket(JPY58.1bn).

Transaction Banking Natixis once again innovated by creating the first commodity field of transparencyand efficiencymay subsequentlybe extended trading blockchain to process crude oil transactions in the US, to all commodity trading. togetherwith its client Trafiguraand IBM. This advancementin the

INSURANCE Natixis Assurancesdesigns and managesa comprehensiverange of personal insurance products (life insurance, death benefits, dependency, pension funds, payment protection insurance) and non-life insurance products (automotive, multi-risk home, multimedia devices, supplementary health insurance, legal protection, non-bankinginsurance, professionalinsurance) for the group networks and their customers. Its ambition: to consolidate its position as atop-tier insurer inFrance. Online purchasing of insurance policies, electronic signature, mobile apps… Natixis Assurances develops offers tailored to new consumer preferencesand stresses quality of service in everything it does. In 2017, auto, multi-risk home, legal protection and

individual health insurance policies, in addition to private banking life insurance, were recognized with the awarding of the “Label d’Excellence”certification by Les Dossiersde l’Epargne . Total premium income (2) improved by 46% year-on-year,driven by robust business in both life and non-life insurance, coupled with the successful launch of personal insurance across the Caisse d’Epargne network.

No. 3 bancassureurin France (3) 95% customer satisfaction rate (in non-life insurance)

At June 30, 2017 – Dealogic. (1) Excluding the reinsurance treaty with CNP Assurances. (2) Based on 2016 revenue, Argus de l’Assurance. (3)

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Registration document 2017